Today’s price action indicates that investors may be waiting for the release of today’s U.S. retail sales report before making their next move. Friday’s rally was fueled by a mixed U.S. employment report so a weaker-than-expected retail sales report will likely lead to a continuation of this chart pattern.

This week will tell us if Friday’s rally was real buying or just a knee-jerk reaction to the jobs report. The direction of the U.S. Dollar will exert most of the influence on gold prices. If the U.S. Dollar resumes its rally then gold prices are likely to be limited

Gold markets rallied significantly during the trading session on Friday after a weaker than anticipated jobs report out of the United States. By doing so, it appears that the markets believe the central banks are on the sidelines for a while.

Today’s Non-Farm Payrolls report is expected to show the economy to have added 180,000 jobs in February, and the unemployment rate is expected to drop by a tenth to 3.9 percent. Wage growth is expected to strengthen, rising 0.3 percent. In January, the economy added 304,000 jobs and wage growth

GoldThe gold market is witnessing support at the $1280 level, which is helping it to rally a bit. Given the positive correlation with the EUR/USD pair, the gold market is likely to remain volatile and choppy. If it breaks below the $1275 level, then selling pressure in the market could

Gold markets pulled back a bit during the trading session on Thursday as the US dollar strengthened during the ECB press conference. However, we are at a major area of support and we have seen a bit of a bounce to confirm the interest in the yellow metal.

Today’s price action suggests that gold investors may be starting to price in the announcement of additional stimulus measures by the ECB. The degree of the reaction by traders the rest of the session will be determined by the size and the type of stimulus.

GoldThe gold market continued to experience the bearish pressure on prices, as it reached down towards the $1280 level. The 200 Day EMA slope is placed underneath and if it breaks below, then it will be extremely negative and could reach down to the $1250 level. However, the market will

Based on yesterday’s close and today’s early price action, the direction of April Comex gold on Wednesday is likely to be determined by trader reaction to the long-term uptrending Gann angle at $1284.30.

If there is a rally today then it will likely be fueled by position-squaring ahead of the jobs report. Uncertainty over U.S.-China trade relations could provide additional support. Furthermore, we may not see another prolonged rally in gold unless the trade deal blows up and both parties walk away from

GoldThe gold prices drifted a little bit lower during Tuesday’s session as the market has gained a lot of bearish momentum. The $1280 level is supportive and should attract buyers and if it breaks below, then it could reach all the way down to $1250 level. The 200 Day EMA

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